TransferMate’s unique receivables solution enables businesses to reduce debtor days, eliminate bank fees and...

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B2B Payments Company offers an easy-to-use solution to get paid faster while automating invoice reconciliation TransferMate Global Payments, one of the world’s leading cross-border B2B payments providers, has deployed an advanced receivables solution to businesses...

Standby Letter of Credit: How it works

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In the previous article, we introduced the Standby Letter Of Credit (SLOC) and looked at the steps of its issuance and notification. The next question now is what happens after. In this article, we...

Differences between SEPA, SWIFT and UK Faster payments

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When you begin your journey in payments, you can easily feel overwhelmed because of the many types of payments and payments systems available out there. How to easily understand what they are and how...

The Standby Letter of Credit – Definition, Issuance and Notification

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Another prominent payment technique used in international trade is the Standby Letter of Credit. What is a Standby Letter of Credit (SBLC)? How is it different from a Letter of Credit? How do issuance...

Usage of MT400 SWIFT Message to announce the proceeds

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The MT400 SWIFT Message is an advice of payment sent by the collecting bank to the remitting bank. A lot of things happen before the funds are collected and the MT400 message is sent....